Owner Operator Insurance Cost Collinwood, Ohio
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Cost Collinwood, Ohio. We work with the top commercial truck insurance companies and will help you find affordable owner operators truck insurance.
We have a large network of commercial truck insurance companies Collinwood, Ohio with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Collinwood, Ohio in place you will be insured by a financially stable commercial truck insurance company. This is important for many reasons. Contact JDW Truckers Insurance and our agents will review the reasons owner operators should choose their insurance company wisely. Not all owner operator truck insurance policy are created equally.
We will help you customize your owner operators trucking insurance policy to suit your needs and fit your budget.
From one application we can shop & compare commercial truck insurance rates for the top-rated commercial truck insurance companies for you. We will help you find the required commercial truck insurance coverages at affordable rates.
Here are some of the top 10 commercial truck insurance companies which offer commercial truck insurance quotes.
We know trucking and the commercial trucking insurance requirements
- Berkley Prime
- Falls Lake
- Great Lakes
- Allied World
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Tokio Marine
- National General
- Great American
- ACE / Westchester
- National Casualty / Nationwide
- Scottsdale Brokerage
- Crum Forster
- James River
- IFG – Burlington
- Carolina Casualty
Auto Liability Insurance
- Your auto liability or primary liability will be the major cost for your trucking insurance policy. Although the FMCAS can only require $750,000 in most cases shippers will require $1,000,000 in primary liability insurance coverage before they will allow you to pick up loads.
- Primary liability insurance covers damages to third parties for bodily injury and physical damage to others property in the event of an accident.
- In most cases this is a low cost add on to your primary liability insurance to cover medical expenses.
PIP – Personal Injury Protection
- Some states require this coverage and, in many cases, can reduce the need for Medical Pay.
- Personal injury protection (PIP), also known as no-fault insurance, covers medical expenses and lost wages of you and your passengers if you’re injured in an accident. PIP coverage protects you regardless of who is at fault.
- If you’re hit by a driver with no insurance…
- Uninsured motorist bodily injury (UMBI) may pay medical bills for both you and your passengers.
- Uninsured motorist property damage (UMPD) may pay for damage to your vehicle.
- If you’re hit by a driver with not enough insurance…
- Underinsured motorist bodily injury (UIMBI) may pay medical bills for both you and your passengers
- Underinsured motorist property damage (UIMPD) may pay for damage to your vehicle
Motor Truck Cargo
- MTC or Cargo insurance provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
- If your load is accidentally dumped on a roadway or waterway, some cargo forms offer Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. And can also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. Another option is Earned Freight Coverage to cover freight charges the customer loses because of an undelivered load.
- Cargo insurance deductibles can be set at $1,000, $2,500, $5,000 or even higher if you are self-insured.
- Cargo coverage limits are normally set at $100,00 but some shippers may have higher requirements depending on the cargo you are hauling.
- Cargo policies can have exclusions stating what cargo it will or will not cover.
Trucking Physical Damage Insurance (PD)
- Physical damage insurance coverages are designed to pay for losses to your equipment and damages to others equipment. (Others equipment must be listed on your policy).
- If you own or lease equipment. You may be required to have PD by bank or leasing company to carry a set amount of physical damage insurance and name them as a Loss Payee.
- PD can also cover damage to others equipment you are in possession of if the coverage is listed on your policy. An example would be non-owned trailer insurance coverage.
- Deductibles for physical damage range from $1,000 to $5,000.
- Required deductibles. If you have a loan on your equipment or it is leased. They bank or leasing company may have a minimum deductible you can have on your physical damage policy.
Excess Liability Insurance
- Excess liability can sometimes be called umbrella insurance.
- The excess liability policy sits on top of your primary liability policy.
- For example, if you have $1,000,000 in primary lability coverage and you have a claim which exceeds the policy limit of $1,000,000. In most cases that is all the insurance carriers will try to pay out for a claim.
- Excess policy coverage starts at $1,000,000 and go up.
- So, let’s say you say you purchased a $1,000,000 excess policy. Now if you have a claim that is $1,500,000. Your primary would pay the first $1,000,000 and your excess would pay the remaining.
General Liability Insurance for Truckers
- General liability insurance for truckers should not be confused with primary liability for truckers.
- Similar to primary liability. General liability offers coverages to pay for physical damage to other and/or bodily injury to others. BUT there is a difference between the two.
- For example, if you are loading or unloading and you cause injury to someone or their property this is when the general liability policy would respond.
- The actions of a driver while representing the insured and on the premises of others, such as loading docks and truck stops
- General Liability is normally offered $1,000,00 per occurrence and $2,000,00 aggregate. What does this mean?
- It the insurance company will pay up to $1,000,000 for any one claim and no more than $2,000,000 per year for the total of all claims.
- General liability can be required by shippers and other companies such as the UIIA and flatbed operations.
- If there is any chance you might be involved in loading or unloading. General Liability is relatively inexpensive and is an advised coverage.
Non-Owned Trailer Insurance vs Trailer Interchange (TI)
- Both are insurance coverages are designed to cover damage to others trailers.
- Deductibles for either can range from $1,000 to $5,000.
- Coverage limits for either can range from $25,000 and up depending on the requirements of the company and/or shipper freight you are hauling for.
The difference between Non-Owned Trailer coverage and Trail Interchange coverage
- Non-owned trailer insurance covers physical damage to the trailer only when attached to a truck. And no written agreement is place.
- Trailer Interchange requires a written trailer interchange agreement to be in place. It can provide protection when you have care, custody and control of one, or many, trailers. Whether the trailer is attached to your truck or not.
Collinwood is a historical area in the northeast part of Cleveland, Ohio. Originally a village in Euclid Township, it was annexed by the city in 1910. Collinwood grew around the rail yards of the Lake Shore and Michigan Southern Railway (now CSX) and is divided by these same tracks into the neighborhoods of North Shore Collinwood and Collinwood–Nottingham. Collinwood was identified as one of America’s Best Secret Neighborhoods by Travel + Leisure in 2008.
The neighborhood’s most infamous incident antedates its annexation by Cleveland. On Ash Wednesday, March 4, 1908, Collinwood was the site of an event known as the Collinwood School Fire, at Lakeview Elementary School. One of the deadliest school fires in American history, 172 children, two young teachers, and one rescuer died in the fire after being trapped in stairwell vestibules. Originally, the students were thought to be trapped because doors to the school opened inward, but the coroner’s report indicated that the doors did indeed open outward. While some of the children died from burns and smoke inhalation, most were either crushed or suffocated in the frantic attempt to escape the building. Those killed in the fire who could not be identified were buried in a mass grave in Cleveland’s Lakeview Cemetery. National building standards requiring that doors in public buildings open outward were already in effect, and the fire did result in a trend towards municipalities nationwide adopting policies of school inspections and enforcing stricter building codes.
Annexed by Cleveland in 1912, portions of the Village of Nottingham were rolled into Collinwood.
For much of the 20th century, Collinwood thrived due in large part to heavy industry. Besides the railroad yards, major corporations such as General Motors, which operated its Fisher Body plant on Coit Road and General Electric with its Pitney Glass Works on E. 152nd., employed thousands of workers. By the eve of World War II, Collinwood’s economic vitality had drawn large numbers of both ethnic white Europeans and Southern Appalachians. The 1960s had an influx of African Americans, who are today the majority population both in North and South Collinwood.
Collinwood took national center stage in the 1970s during a gang war when the Cleveland Mafia, centered in the Collinwood and Murray Hill neighborhoods, fought a territorial war with the Celtic Club led by Irish gangster Danny Greene. The eventual bombing death of Greene brought the federal organized-crime task force to Cleveland, which after many trials, is said to have crippled the Mafia in Cleveland.
In the 21st century, Collinwood has become a place of interest for artists seeking low-cost urban places to live and work. The housing and foreclosure crisis, though somewhat detrimental to the urban fabric of the neighborhood, has provided opportunities for artists to acquire properties very inexpensively. A collective known as Arts Collinwood has been instrumental in helping to revitalize the Waterloo Road business district on the north side of the neighborhood.
Begun mainly as the residential section, North Shore Collinwood, commonly known as North Collinwood, is bounded roughly between E. 133rd Street to the west and E. 185th Street to the northeast (E.200th street due east), and between Lake Erie to the north and the Collinwood Railroad Yards and tracks (currently operated by CSX to the south, Woodworth Avenue to the southwest, and roughly Roseland Avenue to the southeast. North Collinwood is the location of several parks, including Wildwood Park and Marina, East Shore Park, and Beachland Park, and was the site of historic Euclid Beach Park. The Roman Catholic Villa Angela-St. Joseph High School is located at E. 185th and Lakeshore Boulevard.
What was once the industry-heavy of the two sections, Collinwood–Nottingham, commonly known as South Collinwood, is roughly bounded between E. 134th Street on the west and Euclid Creek on the east, the Collinwood Railroad Yards and tracks to the north, Woodworth Avenue to the southwest, and roughly Roseland Avenue to the southeast. The location of the Five Points, where Ivanhoe Road, St. Clair Avenue, and E. 152nd Street intersect, is the central business district of the neighborhood, and is also the location of Collinwood High School, whose sports teams are aptly named the Railroaders. Although today it is largely African American, South Collinwood has historically been an enclave of European immigrants, as well as migrants from the Southern United States.
South Collinwood at one time was home to large concentrations of Eastern Europeans, and in particular, a large Slovenian community. The boyhood home to eventual Cleveland mayor and Ohio governor and senator, George Voinovich, the Slovenian neighborhood was centered on St. Mary of the Assumption Church, and the Slovenian Home, both located on Holmes Avenue. Slovenian Polka King Frankie Yankovic, a South Collinwood native, played live polka music in many of the taverns and dance halls in the area.
Italians, many of whom had settled the neighborhood after relocating from the Central neighborhood’s Big Italy district, also settled heavily in the area, mainly along its southern border. The Italian Village, with a population of Italian descendants greater than that of Cleveland’s Little Italy neighborhood, became well known for its Feast of St. Anthony, held every June and the Feast of the Assumption, held every August at Holy Redeemer Catholic Church on Kipling Avenue.
Its American immigrants, many relocated Southerners – mostly from Tennessee, West Virginia, and Kentucky – began arriving in the 1940s to work in the factories. Mainly they settled along the western edge of the neighborhood, especially along the E. 140th section; many bars in that area featured live country music and Southern food.
South Collinwood was once the headquarters for the Jordan Motor Car Company when it produced cars from 1916–1931. The plant was located at 1070 E. 152 St. Cleveland, where the Collinwood athletic complex stands today.
Small fleet truck insurance encompasses a large portion commercial truck insurance policies that are written for truckers. You need an agent that understands these markets.
We will explain your options in detail. We answer your questions. How many trucks can I grow to? Can I add and remove trucks? How fast can I swap trucks? Can I have owner operators leased on? How fast can I get a COI?
Small fleet truck insurance pricing starts at 3 trucks. We work with 20 plus commercial truck insurance companies to help you find the best commercial truck insurance rates. Our carriers have high AM Best Ratings.
No matter if you are a seasoned trucking operation hauling UIIA intermodal or you are looking to expand the cargo you are hauling. We have markets to help you either way.
Does your policy have the CA 2317 endorsement? What chassis pools are your working with? If you work with an EP that in not on the UIIA EP list. How is this handled? For example, Direct Chassis. Does your trailer interchange offer the same coverage as non-owned trailer coverage? Do you have the correct blanket AI and WOS endorsements? Do I need workers compensation? Can I work ports and rails? Is there a radius limit? You do not want to buy a commercial truck insurance policy only to find out it will not offer the correct UIIA coverages. Your agent should have a network of commercial truck insurance companies who offer the correct UIIA endorsements on your policy?
Shopping for the Best Trucking Insurance for New Authority can be task that never seems to end. You get phone call after phone call. And in many cases each agent you speak with may have a different story concerning what type of coverages you need and what is a good price. Chances are most new authorities shop for the best price. You want the least expensive but buying based upon price only could cost you more money in the long run. What if you buy insurance for your new authority based upon price only? Then find out shortly after you have paid your deposit and your policy is in place. The agent who sold you this policy did not tell you the restrictions your commercial truck insurance company has in place. They may not offer coverage for certain types of cargo or may restrict your growth. There are many pitfalls for buying just based upon price. It is good to shop and compare quotes, but do it based upon price and the know the restrictions that maybe enforced by the carrier. Not knowing these restrictions could get your policy cancelled. Or you may have to cancel the policy yourself to get insurance coverage with another carrier. Either way this could put you back to ground zero and cost you money. Talk with an agent at JDW Truckers Insurance who will help you shop for the best price with the correct coverages.